Key Takeaways
- • Sudrania Fund Services Corp, a cloud-computing enabled fund administrator, acquired the primary assets of Triple Leo Consulting (TLC), a fund administrator specialising in crypto and digital assets fund administration.
- • The acquisition gives Sudrania over 150 clients dedicated to crypto assets.
- • TLC founder Mike Quinn joins Sudrania in an advisory role, and TLC's entire staff has joined Sudrania.
- • Clients will be served on Sudrania's Seamless Crypto, a cloud-based fund administration platform built for digital asset operations.
- • Terms of the deal were not disclosed.
Summary
Sudrania Fund Services Corp, a cloud-computing enabled fund administrator, has strengthened its position in digital asset fund administration by acquiring the primary assets of Triple Leo Consulting (TLC), a fund administrator that specialised in crypto and digital assets fund administration. According to the announcement, the acquisition brings Sudrania's crypto-focused client base to more than 150 clients.
Sudrania's existing crypto and digital asset clients use Seamless Crypto, a cloud-based fund administration platform designed to handle the operational requirements of digital assets. Sudrania states that all digital asset clients will now benefit directly from this dedicated crypto fund cloud-technology solution as a unified firm.
As part of the transaction, TLC founder Mike Quinn joins Sudrania in an advisory role, and TLC's entire staff has also joined the Sudrania team. Nilesh Sudrania, CEO of Sudrania Fund Services, said digital asset funds will "benefit tremendously from the powerful combination of institutional infrastructure, technology, and the high-touch professional services approach." Quinn, founder and CEO of TLC, said his vision was to offer best-in-class services where speed to market and accuracy are imperative, and that the combined clientele will benefit from Sudrania's technological leadership.
Terms of the deal were not disclosed.
Sudrania's existing crypto and digital asset clients use Seamless Crypto, a cloud-based fund administration platform designed to handle the operational requirements of digital assets. Sudrania states that all digital asset clients will now benefit directly from this dedicated crypto fund cloud-technology solution as a unified firm.
As part of the transaction, TLC founder Mike Quinn joins Sudrania in an advisory role, and TLC's entire staff has also joined the Sudrania team. Nilesh Sudrania, CEO of Sudrania Fund Services, said digital asset funds will "benefit tremendously from the powerful combination of institutional infrastructure, technology, and the high-touch professional services approach." Quinn, founder and CEO of TLC, said his vision was to offer best-in-class services where speed to market and accuracy are imperative, and that the combined clientele will benefit from Sudrania's technological leadership.
Terms of the deal were not disclosed.
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